21
  • Type
  • Quadruplex
  • 4644 Square Feet
  • Area Size
1438 Meridian Ave, Miami Beach FL 33139 | Miami-Dade County | A12023899
  • $2,400,000

Description

PARKEDGE – Fully Renovated 6 UNIT South Beach Multifamily Investment. Rare opportunity to own a turnkey income property with Six 1-bed/1-bath units on Meridian Avenue, directly across from Flamingo Park in the heart of Miami Beach. This Art Deco building features six fully renovated units including 2 loft-style residences and 4 one-bedroom/one-bath apartments. Currently 100% occupied with strong rental upside as in-place rents remain below current market rates. All tenants hold annual leases providing stable income.
Gut renovated building with all-new plumbing, electrical, HVAC systems, roof, and impact windows. Brazilian Cherrywood and wood flooring flows through every unit complemented by granite and quartz countertops. Upper-level units feature soaring cathedral-style ceilings. Stainless steel appliances, designer cabinetry, and in-unit washer/dryers complete the condo-level finishes.
Situated near Lincoln Road, Española Way and 4 blocks to the beach, residents enjoy immediate access to Flamingo Park featuring 17 tennis courts, aquatic center, and tropical grounds. The building is surrounded by South Beach’s finest dining, Art Basel, and world-class entertainment in one of Miami Beach’s most famous neighborhoods.
The building has completed its 40/50-year structural certification. Contact for complete financials, rent roll, and private showing.

  • Address: Meridian Ave
  • City: Miami Beach
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33139
  • Area: ESPANOLA VILLAS 1ST ADDN, PARKEDGE

Details

Updated on June 5, 2026 at 12:12 am
  • Property ID A12023899
  • Price $2,400,000
  • Property Size 4644 Square Feet
  • Year Built 1936
  • Type Quadruplex
  • Property Status Residential Income

Additional details

  • AssociationFee 0
  • AssociationFeeFrequency Monthly
  • BuildingAreaTotal 4644
  • BuildingAreaUnits Square Feet
  • BuildingName ESPANOLA VILLAS 1ST ADDN
  • ConstructionMaterials Concrete Block Construction
  • ContractStatusChangeDate 2026-06-04
  • Cooling Central Air, Electric
  • DaysOnMarket 0
  • DocumentsAvailable Copy Of Lease(S), Rent Rolls
  • ExpirationDate 2027-04-19
  • Flooring Tile, Wood
  • Heating Electric
  • InternetAddressDisplayYN 1
  • InternetEntireListingDisplayYN 1
  • ListAOR A-Miami Association of REALTORS
  • ListAgentDirectPhone 248-701-5200
  • ListingTerms All Cash, Conventional
  • LotFeatures Less Than 1/4 Acre Lot
  • LotSizeSquareFeet 0
  • MLSAreaMajor Espanola Villas 1st Addn
  • MajorChangeTimestamp June 4, 2026 at 09:33pm
  • MajorChangeType New
  • MlsStatus Active
  • ModificationTimestamp June 5, 2026 at 03:01am
  • NumberOfUnitsInCommunity 4
  • NumberOfUnitsTotal 6
  • OnMarketDate 2026-06-04
  • OriginalEntryTimestamp June 4, 2026 at 09:33pm
  • OriginalListPrice 2400000
  • OriginatingSystemID miamire
  • OriginatingSystemKey miamire
  • OriginatingSystemName Miami Association of REALTORS®
  • OtherExpense 0
  • ParcelNumber 02-32-34-015-0260
  • ParkingTotal 0
  • PhotosChangeTimestamp June 5, 2026 at 01:24am
  • PhotosCount 21
  • Possession Funding
  • PostalCode 33139
  • PostalCodePlus4 8054
  • PriceChangeTimestamp May 22, 2026 at 04:18pm
  • PropertyCondition Substantially Remodeled
  • PublicSurveyRange 32
  • PublicSurveySection 34
  • PublicSurveyTownship 32
  • RentIncludes Sewer, Trash Collection, Water
  • Roof Built-Up
  • Sewer Public Sewer
  • ShowingContactType Agent
  • ShowingInstructions Call Listing Agent
  • SourceSystemKey 488110349
  • StateOrProvince FL
  • StatusChangeTimestamp June 4, 2026 at 09:33pm
  • Stories 2
  • StoriesTotal 2
  • StreetName Meridian Ave
  • StreetNumber 1438
  • StreetNumberNumeric 1438
  • StructureType Quadruplex, Fourplex
  • SyndicationRemarks PARKEDGE – Fully Renovated 6 UNIT South Beach Multifamily Investment. Rare opportunity to own a turnkey income property with Six 1-bed/1-bath units on Meridian Avenue, directly across from Flamingo Park in the heart of Miami Beach. This Art Deco building features six fully renovated units including 2 loft-style residences and 4 one-bedroom/one-bath apartments. Currently 100% occupied with strong rental upside as in-place rents remain below current market rates. All tenants hold annual leases providing stable income. Gut renovated building with all-new plumbing, electrical, HVAC systems, roof, and impact windows. Brazilian Cherrywood and wood flooring flows through every unit complemented by granite and quartz countertops. Upper-level units feature soaring cathedral-style ceilings. Stainless steel appliances, designer cabinetry, and in-unit washer/dryers complete the condo-level finishes. Situated near Lincoln Road, Española Way and 4 blocks to the beach, residents enjoy immediate access to Flamingo Park featuring 17 tennis courts, aquatic center, and tropical grounds. The building is surrounded by South Beach's finest dining, Art Basel, and world-class entertainment in one of Miami Beach's most famous neighborhoods. The building has completed its 40/50-year structural certification. Contact for complete financials, rent roll, and private showing.
  • TaxAnnualAmount 24505
  • TaxLegalDescription ESPANOLA VILLAS 1ST ADDN PB 9-147 LOT 1 LESS N3FT FOR ST BLK 7 B LOT SIZE 50.000 X 78 OR 13958-1044 0189 1 COC 23431-2532 05 2005 1
  • TaxYear 2025
  • WaterSource Municipal Water
  • WindowFeatures Complete Impact Glass
  • YearBuiltDetails Resale
  • Zoning 2800

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